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Retail warehouse managers have a tough job. They aren’t just transferring product from the warehouse to your stores. They are also receiving orders, stocking it in the warehouse as it awaits movement, and managing...
Retail chain operations managers can make their stores and chains more profitable simply by understanding the retail product life cycle better. In general, there are five distinct life cycles for any retail product. Below...
Understanding your customers is one of the most important aspects of retailing. No matter which sector of retailing you’re in, you should know the following seven things bout your customers–at a minimum. How much...
Retail operations managers must be able to look at hard data, analyze, and evaluate the chain operations to ensure efficiency, profitability, and effectiveness. To ensure your retail chain is operating at max capacity, you...
If you want to motivate your employees to be more productive you’ve got to give them efficiency and communication tools. The simplest, most powerful way to do that is to integrate instant messaging into...
Wholesale operations are easy to improve with the right tools. The one essential tool that can make any wholesale operation better is an operations management solution. ChainDrive has unique features that allow wholesalers a...
In retail planning, open-to-buy (OTB) is one of the most important concepts to understand. By calculating your OTB you can ensure maximum profitability and keep your inventory management practices on target. Here are the...
If your retail operations are going to be profitable and efficient, you need to integrate your accounting procedures into your operations management solution. At a minimum, you should incorporate the following seven accounting functions...
When you have the right retail analytics solution in place, your whole world benefits instantly. ChainDrive understands why retailers need the best possible information about their businesses. When you have the right analytics tools...
When it comes to store budgeting, keeping an eye on key performance indicators (KPIs) is essential. Knowing where you stand on your own performance indicators daily will help your stores stay on target so...
